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California  + Inland Empire  + Industrial  |  February 6, 2022
Inland Empire industrial vacancies declined to 0.7% at the end of 2021
Paul Bubny
By: Paul Bubny

IE Industrial Market is Now Tightest in SoCal 

Amid the explosion of e-commerce, the 3PL sector, and demand for faster delivery, the Inland Empire industrial market hit several record-breaking numbers at year-end 2021, Cushman & Wakefield reported.  

The market posted a razor-thin vacancy rate of 0.7% as the fourth quarter ended, down 200 basis points year over year for the tightest market in Southern California. Given the heightened demand, occupancy gains totaled 27.7 million square feet through Q4 2021, the largest net absorption since 2018. However, Q4 saw a 12.9% decline in new leasing, due largely to a lack of readily available product. 

Demand shows no signs of slowing and with the uptick in construction starts set to deliver in 2022, the added inventory will be quickly absorbed by prospective tenants, said Cushman & Wakefield. Vacancies will continue decreasing into the new year and rents are expected to rise at a faster pace than in previous quarters.  

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Cushman & Wakefield Inland Empire

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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